Wage growth climbs to highest mark since 2009, but economy sheds jobs
Canada dropped 24,200 jobs in July; unemployment rate at 5.7 per cent
08/09/2019|hrreporter.com|Last Updated: 08/13/2019
Year-over-year average hourly wage growth for all employees was 4.5 per cent in July, the indicator's strongest month since January 2009. LSOphoto/iStock
OTTAWA (CP) — Canada lost 24,200 jobs last month and its unemployment rate moved up to 5.7 per cent to give the economy its weakest three-month stretch of job creation since early 2018.
On the positive side, Statistics Canada says July's wage growth came in strong at 4.5 per cent — which was its highest level in more than a decade.
The agency's latest labour force survey found that job creation was nearly flat between May and July, a period that saw Canada add an average of 400 jobs per month.
The economy had a been on a healthy run of employment gains that began last summer.
Even with the July decline, compared to a year earlier, the numbers show Canada added a healthy dose of 353,000 new positions — almost all of which were full time.
Year-over-year average hourly wage growth for all employees was 4.5 per cent in July, the indicator's strongest month since January 2009.
July employment statistics (numbers from the previous month in brackets):
- Unemployment rate: 5.7 per cent (5.5)
- Employment rate: 61.9 per cent (62.1)
- Participation rate: 65.6 per cent (65.7)
- Number unemployed: 1,149,900 (1,114,400)
- Number working: 19,030,400 (19,054,600)
- Youth (15-24 years) unemployment rate: 11.4 per cent (10.7)
- Men (25 plus) unemployment rate: 5.1 per cent (5.1)
- Women (25 plus) unemployment rate: 4.4 per cent (4.2)
Jobless rates by province (numbers from the previous month in brackets):
- Newfoundland and Labrador 12.8 per cent (13.3)
- Prince Edward Island 8.4 (9.3)
- Nova Scotia 7.4 (6.6)
- New Brunswick 8.5 (7.8)
- Quebec 4.9 (4.9)
- Ontario 5.7 (5.4)
- Manitoba 5.8 (5.7)
- Saskatchewan 5.4 (5.1)
- Alberta 7.0 (6.6)
- British Columbia 4.4 (4.5)